Everi Holdings Inc. (NYSE:EVRI) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC decreased its holdings in shares of Everi Holdings Inc. (NYSE:EVRI - Free Report) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,130 shares of the credit services provider's stock after selling 66,730 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.16% of Everi worth $13,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EVRI. Signaturefd LLC lifted its holdings in Everi by 2,428.6% in the 2nd quarter. Signaturefd LLC now owns 3,186 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 3,060 shares in the last quarter. CWM LLC raised its holdings in shares of Everi by 117.5% during the 2nd quarter. CWM LLC now owns 3,512 shares of the credit services provider's stock worth $30,000 after acquiring an additional 1,897 shares during the period. Huntington National Bank raised its holdings in shares of Everi by 1,296.2% during the 3rd quarter. Huntington National Bank now owns 5,892 shares of the credit services provider's stock worth $77,000 after acquiring an additional 5,470 shares during the period. Quarry LP raised its holdings in shares of Everi by 38.9% during the 2nd quarter. Quarry LP now owns 10,230 shares of the credit services provider's stock worth $86,000 after acquiring an additional 2,864 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of Everi during the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 95.47% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Everi in a research report on Wednesday. They set a "hold" rating for the company. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.88.

Everi Stock Performance

Shares of NYSE:EVRI traded up $0.01 during trading on Wednesday, reaching $13.47. The company had a trading volume of 432,680 shares, compared to its average volume of 1,347,594. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 89.80 and a beta of 2.07. The company has a debt-to-equity ratio of 3.84, a current ratio of 1.06 and a quick ratio of 0.97. The stock's fifty day moving average price is $13.32 and its 200 day moving average price is $11.40. Everi Holdings Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.49.

Insider Buying and Selling at Everi

In other Everi news, CFO Mark F. Labay sold 50,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $13.38, for a total value of $669,000.00. Following the sale, the chief financial officer now owns 142,426 shares of the company's stock, valued at approximately $1,905,659.88. This represents a 25.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey P. Judge sold 16,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $13.37, for a total value of $213,920.00. Following the completion of the sale, the director now owns 91,572 shares in the company, valued at $1,224,317.64. This represents a 14.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 141,000 shares of company stock valued at $1,865,420. Insiders own 6.40% of the company's stock.

Everi Profile

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.